Latest Market Headlines

Pakistan’s GDP likely to grow by 3pc next year

ISLAMABAD : Pakistan's GDP is likely to grow by three per cent in 2010, much lower than India's 6.4 per cent and Bangladesh's 5.4 per cent, according to the World Economic Outlook (WEO) of the International Monetary Fund (IMF) released here on Thursday. The countr ... View Details

Furnace oil prices slashed

KARACHI: The oil marketing companies (OMCs) have reduced the prices of locally-refined furnace oil by 423 rupees per metric tonne following decline in the prices of crude oil in the international market, However, the prices of imported furnace oil remained unchang ... View Details

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Card printers cash in on wedding season boom

ISLAMABAD: Printers in the twin cities are struggling to cope with the burgeoning demand as their business rolls through its annual peak with the onset of ‘the month of weddings’ immediately after the Eid holidays.
The printing of wedding cards normally starts picking up from the middle of Ramazan and continues till after Eid as Shawal is traditionally a month of weddings. Continued on Business Life ... View Details

Public sector promotes mechanised marble mining

By Zia M Khan

Pakistan is a country immensely rich in mineral wealth, and that includes marble, the cool and elegant stone so much in demand for making floors and facades. A recently published survey says that the country has close to 300 billion tonnes of marble and granite reserves.
Marble and granite are in great demand in the international market, especially the construction industry which uses about 42 billion dollars worth of marble and granite a year.
Despite having the biggest range of reserves in the world, Pakistan's marble and granite sector is moving at a very slow pace since the country c ... View Details

Panels approve bill to curb money laundering, terrorism

By Sajid Hussain

ISLAMABAD: The Senate standing committee on finance here on Wednesday approved unanimously the Anti-Money Laundering and Combating Terrorism Financing Bill, 2009 to facilitate the government in improving its ranking in community of nations.
The committee met at the parliament house with Senator Ahmed Ali in the chair to conclude the discussion on the proposed bill and accord formal approval to the bill.
This approval was linked with a condition that the Finance Ministry and the committee will prepare proposed amendments in the Anti-Money Laundering and Combating Terrorism Financing Act within a year to remove the harsh provisions of the ... View Details

Awan gains decisive lead against Sheikh Rashid in NA-55

RAWALPINDI: Shakil Awan, candidate of Pakistan Muslim League (PML-N), is on his way to a clear victory in Wednesday’s by-election in NA-55, unofficial results received from majority of the polling stations indicate.
Vote c ... . . View Details

LSM production up by 1.4pc in 6 months

ISLAMABAD: Despite challenges and global recession, growth of large-scale manufacturing (LSM) sector has shown a year-on-year (Y-o-Y) increase of 1.4 per cent during the first half of current fiscal year over the correspondin ... . . View Details